Over 94% of daily BSV transactions come from a weather app: CoinMetrics

Layer 1s • July 17, 2019, 4:35AM EDT

More than 94% of Bitcoin Satoshi Vision (BSV) network activity comes from a weather app called WeatherSV, according to a report from blockchain analytics firm CoinMetrics on Tuesday.

The firm studied OP_RETURNS, a bitcoin script that allows users to write arbitrary data onto a blockchain. “As of July 14th, over 94% of all BSV transactions are being sent by WeatherSV,” it said.

WeatherSV is an IT services firm based in Australia, and the app was launched back in April to index and retrieve climate data stored on the BSV blockchain. WeatherSV chose BSV because to run the same application on bitcoin (BTC) or bitcoin cash (BCH) would have been costly, it said at the time.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.